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The developer plans to build a range of design and build industrial buildings totalling around 223,000 sq ft and planning consent for three buildings on the new Rothley Lodge site is expected by the end of 2017 – for B1, B2 and B8 manufacturing and light industrial buildings.

Rotherhill said the units will be available on a leasehold or freehold, design and build basis, “creating a rare opportunity for potential occupiers in the current commercial and industrial property market climate, where bespoke space in the sub 150,000 sq ft category is in short supply”.

Rothley Lodge is located just off the A6 Loughborough Road to the north of Leicester, between Mountsorrel and Rothley, making it well located for links to the A46 Northern Bypass and Junction 21 and 22 of the M1.

The full site extends to around 22 acres, originally acquired by Rosemound in 2004, with the majority developed for Sofidel (formerly LPC) as a converting plant and warehouse.

“It represents a rare opportunity for an occupier to design and build to meet their needs, and a chance for growing businesses in the Leicestershire area to facilitate the next phase in their expansion with the option to either lease or buy premises, and potentially create jobs for the local community too.

“Demand for industrial space in the East Midlands is increasing and remains ahead of the national average.

“With its location at Leicester’s gateway, the Rothley Lodge site represents a rare opportunity in an area that has a real lack of available land and buildings, and which delivers excellent surrounding road links and infrastructure.

“There are few opportunities for local owner occupiers to purchase on a freehold basis as most of the units built recently are over 150,000 sq ft and don’t cater for the vast majority of business and commercial occupiers that are looking for much smaller premises, and this has restricted their expansion and the chance for them to take-up new premises.

“With Rotherhill’s proven track record and experience in successfully delivering commercial property projects across the Midlands, we will ensure the development delivers a site that meets the needs of the local business community, to support their growth and operational plans and provide the chance to be based in one of the area’s prime commercial locations.

“We anticipate the buildings at Rothley Lodge will generate strong interest from local and regional potential occupiers, particularly in the current market.”

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Ben Aspell, business development manager of Custodian Capital, said: “We are delighted to have completed the acquisition of the site at Rothley Lodge on behalf of investors from Mattioli Woods.

“In addition to this, we are very excited to be working with the developer, Paul Bagshaw of Rotherhill Developments to deliver an industrial scheme that we believe will be very well received in the current market given the shortage of supply available.”

Agents for the Rothley Lodge scheme will be Andrew Ashwell and Fisher Hargreaves Procter.